Abigail Disney, an heiress and granddaughter of a co-founder of The Walt Disney Company, has announced that she will resume her donations to the Democratic Party now that President Joe Biden has officially withdrawn from the 2024 presidential race. In a recent email to CNBC, Disney confirmed her decision, stating, “Yes, I will resume supporting,” following Biden’s endorsement of Vice President Kamala Harris as his successor.
Earlier this month, Disney had declared her intention to cease contributions to the party unless Biden stepped aside. At that time, she also expressed her support for Harris, emphasizing that the Democratic Party should rally around the Vice President. “We have an excellent Vice President. If Democrats would tolerate any of her perceived shortcomings even one-tenth as much as they have tolerated Biden’s (and let’s not kid ourselves about where race and gender figure in that inequity) and if Democrats can find a way to stop quibbling and rally around her, we can win this election by a lot,” she stated.
Disney was among several high-profile Democratic donors who voiced their dissatisfaction with Biden, particularly following his poor performance in a debate against former President Donald Trump. Reports suggest that the pressure from elite donors and a decrease in funding contributed to Biden’s decision to withdraw from the race. Following Biden’s announcement, notable Democratic figures, including financier George Soros and his son Alex Soros, also showed their support for Harris.